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Voith Chosen As the Best Company in Brazilís Capital Goods Sector - The award ranks Voith Hydro, a Group Division of Voith, ahead of other large companies in the countryís Capital Goods sector - Voith.com
Voith Chosen As the Best Company in Brazilís Capital Goods Sector

 

NewswireToday - /newswire/ - Heidenheim, Baden-Wuerttemberg, Germany, 2012/07/13 - The award ranks Voith Hydro, a Group Division of Voith, ahead of other large companies in the countryís Capital Goods sector - Voith.com. FSE: VO2A

   
 
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Published annually by Exame magazine, one of the countryís most important business media, this annual report is regarded as the most important of its kind in the Brazilian corporate market. The award lists the countryís 500 largest companies according to a thorough selection.

The 2012 edition assessed 3,500 companies from 18 different business sectors based on a set of 31 financial indicators such as growth, profitability, financial health, investments and productivity per employee, among others. Taken as a whole, these indicators reflect the companiesí success in doing business.

ďWe are very honored with this award. It is an acknowledgment of our commitment to Brazil. We have increasingly invested in the country, thus contributing to the expansion of its energy mix. We are suppliers of complete solutions for the nationís largest hydro power generation projects, deemed strategic to ensure the supply of electrical energy to sustain Brazilís development and economic growthĒ, claims Osvaldo San Martin, President and CEO of Voith Hydro Brazil.

The company's comprehensive experience in the energy sector has made Voith Hydro one of the companies that helped to write the history of hydro power generation in the country. With a local production spanning nearly 50 years, the company's first shipment to Brazil was delivered in 1905 to the Itatinga Hydro Power Plant, a project located in the coast in the state of S„o Paulo. Nearly 50% of Latin America' currently installed hydro power capacity lies in plants with turbines and/or generators manufactured by Voith Hydro.

In order to meet the energy demand in the country's North Region, new hydro power plants are being built. Voith Hydro installed a manufacturing plant in Manaus in 2010. ďRunning a plant in this region allows greater speed for supplying hydro power solutions, in addition to ensuring enhanced post-sales supportď, concludes Osvaldo San Martin.

Besides the awarded group division the globally operating conglomerate Voith comprises the divisions Turbo, Paper and Industrial Services. With its plants, components, products and services Voith contributes to the sustainable development of economies and is in demand where build-up, modernization, and expansion of infrastructure is concerned.

About Voith
Voith (voith.com) sets standards in the markets energy, oil & gas, paper, raw materials and transportation & automotive. Founded in 1867, Voith employs almost 40,000 people, generates Ä 5.6 billion in sales, operates in about 50 countries around the world and is today one of the biggest family-owned companies in Europe.

The importance of Hydro Power
Hydro power is the largest, oldest and most reliable form of renewable energy generation. Worldwide, it makes an indispensable contribution to stable power supplies and hence to economic and social development - both in industrial countries and in emerging markets. Hydro power also makes a significant contribution to climate-protecting energy production. Voith has been a leading supplier of this technology from the early beginning and continuously develops it further.

 
 
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Written by / Agency / Source: Voith GmbH

 
 

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Voith Chosen As the Best Company in Brazilís Capital Goods Sector

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Voith AG |
Publisher Contact: Vesna Jerkovic - Voith Hydro Holding GmbH 
+49 73 21 37-6866 Vesna.Jerkovic[.]voith.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Voith GmbH securities in any jurisdiction including any other companies listed or named in this release.

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